Homebase owners may close up to 40 stores

About 1 Year, 2 Weeks, 2 Days, 17 Hours, 37 Minutes ago.

Up to 40 Homebase stores could be closed by its Australian owner, putting up to 2,000 jobs at risk.
Wesfarmers paid £340m for the DIY chain in early 2016 and has been rebranding the stores under the Bunnings name.
But after a "disappointing" performance the Australian firm has put Homebase under review and expects it to lose £97m in the first half of 2018.
UK retailers are struggling in the face of rising inflation and fragile consumer confidence.
Several store chains have announced job cuts recently, including supermarket giants Tesco, Sainsbury's and Asda.

Homebase's rival, B&Q, last week said it was cutting 200 jobs at its head office in Hampshire as part of a cost-cutting drive.